Daseke Inc (NASDAQ:DSKE) Receives $7.50 Consensus Price Target from Analysts

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Shares of Daseke Inc (NASDAQ:DSKE) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $7.50.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Daseke from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Craig Hallum cut shares of Daseke from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Daseke stock traded down $0.23 during mid-day trading on Thursday, reaching $2.72. 215,900 shares of the company’s stock traded hands, compared to its average volume of 304,901. Daseke has a 12-month low of $1.46 and a 12-month high of $5.79. The company has a market cap of $197.63 million, a price-to-earnings ratio of 4.25 and a beta of 1.46. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.74. The stock has a 50 day moving average of $2.80 and a two-hundred day moving average of $3.43.

In related news, Director Ena Williams acquired 22,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $3.36 per share, with a total value of $73,920.00. 29.71% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Zazove Associates LLC raised its position in shares of Daseke by 3,804.2% in the 2nd quarter. Zazove Associates LLC now owns 4,428,325 shares of the company’s stock valued at $408,000 after purchasing an additional 4,314,900 shares during the last quarter. BlackRock Inc. raised its position in shares of Daseke by 7.7% in the 2nd quarter. BlackRock Inc. now owns 3,528,275 shares of the company’s stock valued at $12,701,000 after purchasing an additional 253,165 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Daseke by 54.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 942,724 shares of the company’s stock valued at $3,394,000 after purchasing an additional 333,122 shares during the last quarter. Wittenberg Investment Management Inc. raised its position in shares of Daseke by 0.7% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 688,470 shares of the company’s stock valued at $2,478,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Daseke in the 2nd quarter valued at approximately $2,078,000. 29.11% of the stock is owned by hedge funds and other institutional investors.

About Daseke

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, heavy machinery, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials.

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